From Cyrus Poonawala to Radhakishan Damani; 5 Indian billionaires who own private residences in South Mumbai

There's one address that truly demonstrates the real meaning of 'having generational wealth', and it is South Mumbai. It is a posh address. Set on the southern tip of India’s financial capital, Mumbai, Maharashtra, the region is an iconic real estate market which also has a heritage appeal. It is a place where land is scarce, and sea-views are epic! The ultra-premium pricing can’t be compared. For India’s richest billionaires, having a private residence in South Mumbai is a status symbol. People like Mukesh Ambani, Radhakishan Damani and Sajjan Jindal, among others, call South Mumbai their home.

Let’s have a look at 5 prominent billionaires who have private residence in South Mumbai:

Situated on Altamount Road in South Mumbai, Antilia needs no introduction. It is not only South Mumbai’s but India’s most renowned skyscraper mansion. This spectacular 27-storey residence is owned by one of the world’s biggest industrialists Mukesh Ambani, chairman of Reliance Industries. The house was completed in 2010 and since then, the Ambani residence continues to attract travellers from all over, as it has become more of a tourist attraction in the city. It is among the world’s priciest homes valued at around US $4–4.6 billion in 2023.
(pc: wiki)

Radhakishan Damani, founder of Avenue Supermarts (DMart), is a billionaire investor who also owns one of South Mumbai’s most expensive bungalows. As per reports, the house was purchased for about ₹1,001 crore (approx) in 2021, making it a historic deal. Damani’s acquisition shows a trend of wealthy investors buying heritage land amidst extreme scarcity.
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Sajjan Jindal is the steel magnate of India. The chairman and managing director of the JSW Group is also a homeowner here. He is the owner of the famous Maheshwari House on Napean Sea Road. This sea-facing bungalow is counted as South Mumbai’s most prized houses. As per reports, the property was acquired for ₹400–₹500 crore. The bungalow is all about Arabian Sea views and big gardens, among others.

Set on Bhulabhai Desai Road is the house of Cyrus Poonawalla which is called, “Lincoln House”. The heritage property is owned by billionaire Cyrus Poonawalla, chairman of the Poonawalla Group and Serum Institute. Though ownership transfer through legal is facing delays, the deal was reported at ₹750 crore (US$113 million) in 2015.
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Another deal that made the headlines in 2024 was billionaire couple Yohan and Michelle Poonawalla’s purchase of a sprawling mansion in Cuffe Parade. It is among one of South Mumbai’s most coveted seaside regions. The deal—valued at over ₹500 crore is known as among the largest residential transactions in recent years. Listed at roughly 30,000 square feet, the mansion is set to be transformed into a luxurious home.

(PC: Facebook/Yohan Poonawalla)